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On January 1 , 2 0 2 4 , Canseco Plumbing Fixtures purchased equipment for $ 3 0 , 0 0 0 . Residual value

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On January 1,2024, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated fouryear service life is expected to be $2,000. The company expects the equipment to operate for 10,000 hours.
Required:
a. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on January 1,2024.
b. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on March 31,2024.
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Required B
Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on January 1,2024.
\table[[Sum-of-the-years' digits depreciation],[,,\table[[reciable],[3ase]],x,\table[[Rate per],[Year]],=,\table[[Depreciation],[Expense]]],[2024,$,28,000,x,410o.,=,11,200],[2025,$,28,000,x,310O?,=,8,400]]
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